At 4.0% CAGR, the South & Central America Carbon Black Market is projected to be worth US$ 978.78 million by 2028, says Business Market Insights

According to Business Market Insights research, the South & Central America carbon black market was valued at US$ 773.59 million in 2022 and is expected to reach US$ 978.78 million by 2028, registering a CAGR of 4.0% from 2022 to 2028. Growing automotive tire sector in developing economies and increasing demand for specialty carbon black are the critical factors attributed to the South & Central America carbon black market expansion.        

Waste tires are becoming a major environmental, economic, and technical challenge as they have a high content of combustible components and the potential to offer valuable materials and energy resources. In recent years, a variety of waste tire management methods have been adopted and applied across the world, including other important alternative methods for end-of-life tire management defined in 3R: reduction, reuse, and recycling to minimize damage. The production of 0.8 metric tons of carbon black requires 1.4–1.8 metric tons of oil and releases ~2.3–2.7 metric tons of CO2. In addition to petroleum, natural gas, and steel, recycled carbon black is used as a key material in the production of tires, conveyor belts, and rubber parts; it is also used in the production of paints in some cases. By reusing tires, it is possible to reduce CO2 emissions, thereby aiding in adoption of waste tire management. Thus, emphasis on waste tire management is expected to give rise to several key trends bound to impact the carbon black market growth in the coming years.

On the contrary, high carbon emission by virgin carbon black hampers the South & Central America carbon black market.  

Based on type, the South & Central America carbon black market is segmented acetylene black, channel black, furnace black, thermal black, and others. The furnace black segment held 86.5% share of South & Central America carbon black market in 2022, amassing US$ 669.01 million. It is projected to garner US$ 851.56 million by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on grade, the South & Central America carbon black market is segmented into standard grade and specialty grade. The standard grade segment held 88.2% share of South & Central America carbon black market in 2022, amassing US$ 682.57 million. It is projected to garner US$ 866.14 million by 2028 to expand at 4.0% CAGR during 2022–2028.

Based on application, the South & Central America carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held 77.0% share of South & Central America carbon black market in 2022, amassing US$ 596.03 million. It is projected to garner US$ 760.49 million by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on country, the South & Central America carbon black market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.2% share of South & Central America carbon black market in 2022. It was assessed at US$ 411.23 million in 2022 and is likely to hit US$ 526.86 million by 2028, exhibiting a CAGR of 4.2% during 2022–2028.      

Key players operating in the South & Central America carbon black market are Birla Carbon USA Inc; Cabot Corp; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA, among others.  

• In 2021, Cabot Corp launched VULCAN 3-LP carbon black, a new low polycyclic aromatic hydrocarbon (PAH) product for rubber applications. The launched product is a pelletized reinforcing carbon black that is engineered for end-use rubber products that need a higher reinforcement, strength, abrasion, and tearing resistance level than semi-reinforcing carbon blacks.

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